Mid-Session: Sensex down 57 pts, Nifty trades below 8,600; bank stocks down 1%
26/08/2016 12:30
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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At 12:15 PM, the Bombay Stock Exchange bellwether Sensex was at 27779, down by 56.91 points or by 0.2 per cent, and the NSE Nifty was at 8574, down by 18.2 points or by 0.21 per cent.
Investors are waiting to see whether the Fed Chair will back recent comments from FOMC officials who signaled that a rate hike could come as soon as September. Bets of the Fed raising interest rates before the end of the year have risen over the past month amid signs of improvement in the US economy.
On the sectoral front, capital goods and bankex stocks were among top losers on BSE, falling as much as 1.2 per cent and 0.86 per cent respectively.
26/08/2016 12:30
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
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The key domestic benchmark indices witnessed selling pressure in late morning deal on the first day of September F&O series as traders across the globe awaited a highly anticipated speech from US Fed Chair Janet Yellen at Jackson Hole today which may offer some clues on the trajectory of interest rate hikes in the world’s biggest economy.At 12:15 PM, the Bombay Stock Exchange bellwether Sensex was at 27779, down by 56.91 points or by 0.2 per cent, and the NSE Nifty was at 8574, down by 18.2 points or by 0.21 per cent.
Investors are waiting to see whether the Fed Chair will back recent comments from FOMC officials who signaled that a rate hike could come as soon as September. Bets of the Fed raising interest rates before the end of the year have risen over the past month amid signs of improvement in the US economy.
On the sectoral front, capital goods and bankex stocks were among top losers on BSE, falling as much as 1.2 per cent and 0.86 per cent respectively.
